Page-13 of Inflation Current Affairs, GK & News

India Inc disgruntled with RBI not slashing rates

India Inc is dissatisfied with RBI’s decision of keeping interest rates unchanged As per Assocham, a cut in interest rates may give some boost to the industrial sector and help the economy come back on the higher growth trajectory The step by RBI shows its priority to curb inflation over growth As per CII, supply-side ..

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Government increases MSP of major Kharif crops

The government increased Minimum Support Price (MSPs) of primary kharif crops for the 2012-13 by up to 53 % that triggered concerns about further rise in food inflation. Why this rise in MSP (as it will trigger concerns about further rise in food inflation)? The raise was recommended by Commission for Agriculture Costs and Prices ..

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Indian economy is facing stagflation: Moody’s

As per the Global financial services firm Moody’s Analytics: Indian economy is going through stagflation, with slow growth and high inflation. RBI can’t be too aggressive in slashing interest rates. WPI inflation rising up to 7.5% every year in May due to supply-side factors may impose further challenges for the RBI. Recent descend in the ..

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India is coping with serious economic crisis, needs key reforms: FICCI

As per the FICCI, the economic situation is grave with its low growth, high inflation, high fiscal deficit and the highest ever trade account deficit and it needs urgent addressal in the form of refoms. The body has called for bold steps like allowing FDI in multi-brand retail, Rate-cuts, and limit funding of welfare programs ..

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Govt gives in-principle nod to free diesel prices

Minister of State for Finance, Namo Narain Meena held that the government has taken an in-principle decision to link diesel prices with market rates. Yet, there is no proposal currently to completely deregulate cooking gas price. He also opined that the government continues to fix the price of diesel in order to protect the common ..

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